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Princes Street () is one of the major thoroughfares in central Edinburgh, Scotland and the main shopping street in the capital. It is the southernmost street of Edinburgh's New Town, stretching around 1.2 km (three quarters of a mile) from Lothian Road in the west, to Leith Street in the east. The street has few buildings on the south side and looks over Princes Street Gardens allowing panoramic views of the Old Town, Edinburgh Castle, as well as the valley between. Most of the street is limited to Edinburgh Trams, buses and taxis with only the east end open to all traffic.
It was laid out according to formal plans for Edinburgh's New Town, now known as the First New Town. These were devised by the architect James Craig and building began around 1770. Princes Street represented a critical part of the plan, being the outer edge, facing Edinburgh Castle and the original city, Edinburgh Old Town. Originally all buildings had the same format: set back from the street with stairs down to a basement and stairs up to the ground floor with two storeys and an attic above. Of this original format only one such property, no.95, remains in its original form.
From the 1880s the street, with its commanding views in combination with great ease of access, became a popular street upon which to locate hotels. The railway companies created huge anchor hotels at either end: the Caledonian Hotel to the west, and North British Hotel to the east. In between were the Royal British Hotel, Old Waverley Hotel, and Mount Royal Hotel, all of which survive. Princes Street was also home to two leading department stores, Jenners founded in 1838 and rebuilt in 1893–1895, and Forsyth's built in 1906–1907, both technically advanced and architecturally ornate buildings for their time.
There has been controversy over buildings from the latter half of the 20th century on Princes Street. This has prompted plans to demolish the BHS and the Marks & Spencer buildings, in an effort to improve the status of the street. Another problem has been that upper floors are often used for storage, rather than as office, retail or living space. At an early stage in post-World War II designs for the street, a "high level walkway" was planned, as a further shopping frontage for the first floor level, in lieu of the other side of the street. However the walkway as built was never more than a number of isolated balconies and in practice the Royal Bank of Scotland was the only business to maintain a frontage at this level for any length of time; that branch of the bank closed early in the 21st century, leaving the upper walkway largely forgotten.
Princes Street was the scene of rioting in 2005 related to the 31st G8 summit referred to in the press as "The Battle of Princes Street".
On 25 January 2021, it was announced that Jenners department store, which has been located on Princes Street since Victorian era times, was to close on May 3, 2021, in preparation for a three-year-long redevelopment. Also on 25 January, it was announced that Debenhams's department store on Princes Street would also close in May 2021. It was also announced on 25 January, that the administrator for troubled Arcadia group that own Topman and Topshop (also located on Princes Street) were in talks with online shopping brand ASOS with a view to selling the brands online, leaving the historic Edinburgh street losing recognisable brands, with many now migrating to the newly opened St James Quarter.
The Gardens contain the Ross Bandstand (an open-air theatre), a war memorial to US soldiers of Scottish descent and a floral clock, together with other attractions. Two of the main Scottish art galleries, the Royal Scottish Academy and the National Gallery of Scotland, are located at the foot of The Mound and are served by Princes Street tram stop. Further along is the Scott Monument, a huge intricate Gothic monument dedicated to Sir Walter Scott, the author of the Waverley Novels, after which is named Waverley station, which lies at the east end of the Gardens, its westward lines dividing them. Next to the station on its north side is the former railway hotel, previously known as the North British Hotel, latterly renamed the Balmoral Hotel, and the North Bridge which sails at high level over the station. The hotel has a counterpart at the extreme west end of Princes Street. The Caledonian Hotel, now the Waldorf Astoria Edinburgh - The Caledonian, sits at the north end of Lothian Road. This was built by the Caledonian Railway for their Princes Street Station which closed in the 1960s along with the lines it served.
At the west end of Princes Street, St John's Episcopal Church at the corner of Lothian Road is built at street level above a basement crypt and a small churchyard. In addition, there are several fair trade outlets in this space as part of the church, whilst St Cuthbert's Church stands just to the south of it, in a far larger and older churchyard, west of the gardens.
The floral clock dates from 1903 when it was first planted by the Park Superintendent, John McHattie. It displays a different theme every summer.
Princes Street remains popular, although it has now fallen from its status as the most expensive place to rent shop space in the UK outside of London. Princes Street may be one of the few streets in the UK to have an order of Parliament placed on it to prevent any further building on the south side, so as to preserve its open vista.
Edinburgh Bus Station is around north of the east end of Princes Street, in the north-east corner of St Andrew Square.
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